{"schema_version":"secwatch.filing_event.v1","accession":"0000792987-22-000052","form_type":"8-K","ticker":"ASTE","cik":"0000792987","company_name":"ASTEC INDUSTRIES INC","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.579987+00:00","generated_at":"2026-06-22T16:07:09.191286+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Astec Q3 net sales +18.1% but EPS drops to $0.03; backlog up 56.2%","bullets":["Net sales $315.2M (+18.1% YoY); gross margin fell 250 bps to 20.7% on supply chain inefficiencies.","Diluted EPS $0.03 (vs $0.39); adjusted EPS $0.28 (vs $0.48); net income $0.7M vs $9.0M.","Backlog $969.0M (+56.2% YoY); domestic backlog $812.7M (+59.8%).","Operating cash flow negative $56.8M YTD due to working capital build; balance sheet cash $20.8M.","Repurchased $6.1M of shares; declared $0.12 dividend; remaining buyback authorization $119.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0000792987-22-000052","json":"https://secwatch.observer/filing/0000792987-22-000052.json","markdown":"https://secwatch.observer/filing/0000792987-22-000052.md","text":"https://secwatch.observer/filing/0000792987-22-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/aste-20221102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T16:07:09.191286+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ef05260c6397a0942181ac7c15b1210202806dc","claim":"ASTEC INDUSTRIES INC reported financial results for the three and nine months ended September 30, 2022.","evidence_excerpt":"On November 2, 2022, Astec Industries, Inc. (the \"Company\") reported results of operations for the three and nine months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and nine months ended September 30, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a9927395d637310240df0da76ef0106355281ef8","claim":"ASTEC INDUSTRIES INC reported the third quarter of 2022 results: revenue $315.2 million, net income $0.7 million, EPS $0.03.","evidence_excerpt":"NEWS RELEASE ASTEC REPORTS THIRD QUARTER 2022 RESULTS Third Quarter 2022 Highlights (all comparisons are made to the prior year third quarter) : • Net sales increased 18.1% to $315.2 million • Gross Profit Margin of 20.7% decreased 250 bps • Backlog increased 56.2% to $969.0 million • Repurchased $6.1 million of shares CHATTANOOGA, Tenn. (November 2, 2022) – Astec","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2022"},{"label":"Revenue","value":"$315.2 million"},{"label":"Net income","value":"$0.7 million"},{"label":"EPS","value":"$0.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}